NOT LISTED FOR SALE

232 S Fair Oaks Ave Madison, WI 53704

Atwood Neighborhood

Estimated Value: $636,000 - $741,196

4 Beds
4 Baths
4 Sq Ft
$172,150/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $475,000 $118,750 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,157/month

About This Home

As of July 2021

Landlord pays gas utility (steam boiler + hot water), tenants pays gas utility (unit stove). Free shared parking in driveway along north side of building. Updates include: new roof, siding, galvanized gutters + boiler (2003-2004), bathroom tile (Unit 4, 2019), bathroom tile (Unit 3, 2020). Part of a portfolio of three properties being sold including 165 Dunning and 1417 Williamson St.

Last Agent to Sell the Property

John Hamner

Hamner Real Estate Group License #53097-90 Listed on: 06/01/2021

Co-Listed By

Shelly Sprinkman

Sprinkman Real Estate License #57436-90

Last Buyer's Agent

John Hamner

Hamner Real Estate Group License #53097-90 Listed on: 06/01/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,526

Year Built

  • Built in 1907

Lot Details

  • 4,356

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • On-Street Parking
  • Outside Parking

Schools

  • Lowell Elementary School
  • Okeeffe Middle School
  • East High School

Additional Features

  • 4,356 Sq Ft Lot
  • Radiant Heating System

Community Details

  • 5 Units
  • Net Operating Income $35,394

Listing and Financial Details

  • Assessor Parcel Number 0710-053-1315-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,526

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 3 story
  • Items Excluded: Sellers' + Tenants' Personal Belongings
  • Items Included: (5) Ranges/Ovens, (5) Refrigerators, (1) Coin Operated Washer/Dryer
  • Noi Year: 2020
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 5
  • Number Stoves: 5
  • Number Washers: 1
  • Number Water Heaters: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside

Fee Information

  • Total Expenses: 11761

Schools

  • School District: Madison
  • Elementary School: Lowell
  • Middle School: OKeeffe
  • High School: East
  • Elementary School: Lowell
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.1
  • Zoning: TSS
  • Geo Subdivision: WI

Rental Info

  • Total Income: 47155

Tax Info

  • Land Assessment: 56000
  • Improvements: 346000
  • Total Assessment: 402000
  • Assessment year: 2021
  • Net Taxes: 8526
  • Tax Year: 2020
  • Assessor Parcel Number: 0710-053-1315-2

Multi Family

  • Number Of1 Bedrooms: 5
  • Number Of Units: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2024
Sold by
Allder Development Llc
Bought by
Tnv Atwood Llc
Current Estimated Value
$688,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$535,204
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$153,394

Purchase Details

Listed on
Jun 1, 2021
Closed on
Aug 24, 2021
Sold by
Glassel Rebecca and Glassel Brian
Bought by
Alder Development Llc
Seller's Agent
John Hamner
Hamner Real Estate Group
Buyer's Agent
John Hamner
Hamner Real Estate Group
List Price
$569,000
Sold Price
$475,000
Premium/Discount to List
-$94,000
-16.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.02%
Original Mortgage
$380,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 1, 2021
Closed on
Jul 19, 2021
Sold by
Korotev Properties Llc
Bought by
Glassel Rebecca and Glassel Brian
Seller's Agent
John Hamner
Hamner Real Estate Group
Buyer's Agent
John Hamner
Hamner Real Estate Group
List Price
$569,000
Sold Price
$475,000
Premium/Discount to List
-$94,000
-16.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2016
Sold by
Pinckney Dayton Apartments Llc
Bought by
Korotev Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,400
Interest Rate
3.48%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tnv Atwood Llc -- None Listed On Document
Tnv Atwood Llc -- None Listed On Document
Alder Development Llc $475,000 First American Title
Glassel Rebecca $475,000 None Available
Korotev Properties Llc $313,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tnv Atwood Llc $540,000
Closed Tnv Atwood Llc $540,000
Previous Owner Alder Development Llc $380,000
Previous Owner Korotev Properties Llc $250,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2021 07/19/21 Sold $475,000 -8.7% $118,750 / Sq Ft
06/24/2021 06/24/21 Price Changed $520,000 -8.6% $130,000 / Sq Ft
06/10/2021 06/10/21 For Sale $569,000 +19.8% $142,250 / Sq Ft
06/04/2021 06/04/21 Off Market $475,000 -- --
06/01/2021 06/01/21 For Sale $569,000 -- $142,250 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $18,421 $525,000 $75,000 $450,000
2023 $8,594 $475,000 $68,000 $407,000
2021 $8,557 $402,000 $56,000 $346,000
2020 $8,526 $383,000 $56,000 $327,000
2019 $8,154 $365,000 $56,000 $309,000
2018 $7,669 $344,000 $55,200 $288,800
2017 $7,223 $313,000 $55,200 $257,800
2016 $8,576 $361,100 $52,200 $308,900
2015 $7,866 $298,100 $52,200 $245,900
2014 $7,144 $298,100 $52,200 $245,900
2013 $6,929 $289,100 $52,200 $236,900
Source: Public Records

Agents Affiliated with this Home

  • John Hamner

    Seller's Agent in 2021

    John Hamner

    Hamner Real Estate Group

    (608) 509-8564

    2 in this area

    86 Total Sales

    John Hamner
    Section Image
  • Shelly Sprinkman

    Seller Co-Listing Agent in 2021

    Shelly Sprinkman

    Sprinkman Real Estate

    (608) 220-1453

    4 in this area

    388 Total Sales

    Shelly Sprinkman
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1911079

South Central Wisconsin Multiple Listing Service

APN: 0710-053-1315-2

Wisconsin Dane County Madison 53704 Atwood

232 S Fair Oaks Ave, Madison, WI

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